If you want to buy a home in the future, it’s wise to talk to a mortgage adviser as soon as possible. But if you’ve not had an offer accepted yet, then you might be wondering, what’s the rush?


Get important information

Not only can a mortgage adviser help to take the stress out of your mortgage process, but they’ll also be able to give you expert advice and help find the right mortgage deal for your personal circumstance.

A mortgage adviser can also talk to you about getting a house with just a 5% deposit, so you can get on the property ladder sooner than expected. However, if you save a 10% deposit, you’ll have a wider range of mortgage options to choose from. This might inspire you to save a little longer and harder to get that bigger deposit.


Save time

You’ll get a realistic idea of how much you can borrow sooner, rather than later. This means you’ll have a clear idea from the start of what your budget is likely to be.


Find out about the other costs

When you buy your home, you’ll need to save for the deposit, but also other fees, such as stamp duty (depending on the value of your home), solicitors’ fees and surveyor fees (if you have a survey). Your mortgage adviser will explain all of this to you so you can be more prepared.


Get advice on becoming ‘mortgage ready’

  • Check credit reports

Credit reference agencies such as Equifax, TransUnion, and Experian each hold a credit report on you, which you can check for free. So go through each report and see if there are any inaccuracies and get them changed as soon as possible.

  • Save regularly

Saving regularly will show your lender you have good at managing your money and will therefore be able to pay your mortgage repayments. The money you’re saving can go towards your deposit and other fees.

  • Check if you have any outstanding loans

Before you apply for a mortgage, it’s a good idea to pay off any outstanding loans. Your mortgage adviser will give you tailored advice based on your current circumstances, but you should avoid taking out anymore loans in the meantime.


Speak to an adviser!

No matter where you are in your home buying journey, speaking to one of our expert advisers can help you make the right decisions based on your personal circumstances.